Donald Trump on Energy & Oil

2000 Reform Primary Challenger for President

No Cap-and-Tax: oil is this country's lifeblood

As crazy as it sounds, the Obama administration wants higher energy prices because they believe that will force America to drive less and businesses to slow down on production and transportation.

Remember Cap-and-Tax (or as they called it Cap and
Trade)? [In 2008], Obama outright admitted that his plan to tax businesses on carbon emissions that exceeded his arbitrary cap would drive energy prices sky high. Here's what he said:

"Under my plan of a cap and trade system, electricity rates would
necessarily skyrocket, even regardless of what I say about coal, because I'm capping greenhouse gases. Whatever the plants were, they would have to retrofit their operations. That will cost money. They will pass that on to consumers."

Most of us shake
our heads in disbelief at this stuff.

Until we get this country's lifeblood--oil--back down to reasonable rates, America's economy will continue to slump, jobs won't get created, and American consumers will face ever-increasing prices.

Jobs will slump until our lifeblood--oil--is cheap again

Until we get this country's lifeblood--oil--back down to reasonable rates, America's economy will continue to slump, jobs won't get created, and American consumers will face ever-rising prices.

Obama promised he was going to create millions of
so-called "green collar" jobs. He used that promise to justify his massive government giveaway of billions and billions of taxpayers' dollars to green energy companies. We're now seeing the results of Obama's promise and big government scheme.

Source: Time to Get Tough, by Donald Trump, p. 16-17
, Dec 5, 2011

Enough natural gas in Marcellus Shale for 110 year supply

Did you know that with the natural gas reserves we have in the United States we could power America's energy needs for the next 110 years? Those aren't my estimations, that's what the
United States Energy Department's Energy Information Administration says. In fact, one of the largest mother lodes of natural gas, the Marcellus Shale, could produce the energy equivalent of 87 billion barrels of oil.
Some critics believe those numbers might be inflated. Fine. Let's say the real number is fifty-five years of energy. Or that we only get 43 billion barrels' worth of energy.
So what? That buys us more time to innovate and develop newer, more efficient, cleaner, and cheaper forms of energy.

Libya: No oil, no support; no exceptions

Qadaffi is dead and gone. So what? We have spent more than $1 billion on the Libya operation. And what are we getting in return? A huge bill, that's what. It's incredible how foolish the Obama administration is. Libya has enormous oil reserves.
When the so-called "rebels" came to NATO (which is really the U.S.) and asked for help to defeat Qadaffi, we should have said, "Sure, we don't like the guy either. We will help you take out Qadaffi.
But in exchange, you give us 50 percent of your oil for the next twenty-five years to pay for our military support and to say thank you for the United States doing what you could never have done on your own."
The "rebels" would have jumped at the offer and said yes.

Imagine the amount of oil we could have secured for America. Our policy should be: no oil, no military support.

It's incredible how slowly we're drilling for oil

[Saudi Arabia and OPEC] are absolutely salivating. Now who knows how long they're going to be around. They are only there because of us. It always amazes me when they raise the price. Nobody ever talks to them, nobody ever says no, you're not going to
do this.

It's not the market [raising the price], it's OPEC. They set the price of oil. If they did it in this country, it would be called illegal.

there are always going to be problems. You're going to have an oil spill. You clean it up and you fix it up and it'll be fine.

I have people in the business and they say it's almost impossible to
get a permit to drill. So you can imagine how hard it is to get nuclear and other things but they say it's almost impossible. If you look at natural gas, we're the Saudi Arabia times 100 of natural gas--but we don't use it.